Definition of Origination Fee:

Orange County Origination Fee:

An origination fee is a fee charged by an Orange County lender for processing, underwriting and putting the loan in its place – the origination fee is part of the broker, mortgage banker’s or lenders overall compensation.  Origination fees are quoted as a percentage of the total loan and are generally between 1.0% and 1.5% on mortgage loans in Orange County. An origination fee is similar to any commission-based payment. If a lender takes a 1% fee for originating a loan, they will make $4,000 on a $400,000 loan, or $6,000 on a $600,000 loan.

 

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